Morgan Stanley picks through machinery stocks

|By:, SA News Editor

For Morgan Stanley, stock picking is "the name of the game" when it comes to machinery stocks.

As for the firm's picks: Terex (TEX) is initiated at Overweight (PT $47) while Caterpillar (CAT), Joy Global (JOY), and Manitowoc (MTW) get Equalweight ratings.

Earlier: Morgan Stanley starts Deere at Underweight.